IndiGo faces penalties exceeding Rs 2.76 crore from customs authorities in Ahmedabad and Chennai, which the airline intends to challenge, asserting that all duties were duly paid. Meanwhile, promoter Rakesh Gangwal and the Chinkerpoo Family Trust sold 5.72% ownership in IndiGo for Rs 11,564 crore through open market deals, reducing Gangwal’s stake to 4.7% and the trust’s to 3.08%. Post navigation LIC Q4 profit soars 38% to Rs 19,013 crore; stake acquisition in health insurer to be decided in 2-3 months FDI slips in FY25 Q4 but annual inflows hit three-year high
